How Do Teaser Bets Work

1. A teaser bet is a bit of a parlay bet, which allows players to reduce their risk. A teaser bet offers the opportunity to bet on point spreads or game totals, and then “tease” or adjust the line to give them a better chance of winning. Of course, their chances to win come at a cost? Which is reduced odds.
2. A teaser (or a 'two-team teaser') is a type of gambling bet that allows the bettor to combine his bets on two different games. The bettor can adjust the point spreads for the two games, but realizes a lower return on the bets in the event of a win. A teaser is a type of wager used in sports betting, most commonly in basketball and football. This wager is a multi-team wager, allowing the bettor to choose a minimum.

Basically, you make multiple selections at whatever stake you choose. Your stake is then placed on your first selection. If your first selection loses, you lose your stake and the rest of the wager is cancelled. If your first selection wins you get paid out, but with an amount equal to your initial stake deducted.

A teaser is another type of wager available to bet on sports. A Teaser is not a straight bet, but is more similar to a parlay, but comes with much different odds and odds of winning. Often under-utilized, the teaser can be a valued weapon in a bettor’s arsenal if they know how to use them correctly. These types of wagers allow for multiple selections or “legs” to make up one all-encompassing bet, but give the bettor a little more freedom with some help on the betting lines. Keep reading more below as we will explain further in-depth and help you understand how betting odds work when it comes to making a teaser bet

What Is A Teaser Bet

A teaser is akin to a parlay placed on a number of games, but the difference is that points are adjusted in order to help you. As you put together your selections onto your betting slip, instead of needing the lines as they are to hit, they will move a handful of points to make it more attainable. Of course, with this adjustment, the odds to win increase but that also means that you would not win the same amount that could be expected if you left it as a normal parlay. Like a parlay though, all of your selections must be correct and any one “leg” that was incorrectly chosen will result in a losing teaser wager.

Why Bet On Teasers

Teasers can be advantageous to bettors that are fond of using parlays, but are not comfortable with the particular spreads or totals that have been set within a desired game.

A teaser allows the line to be shifted for these parlay-type wagers so that the percentage of winning them goes up in theory. As such, it makes them easier to win, unlike the opposite of a teaser, which is a pleaser. A pleaser takes points away making it more difficult to win the line by increasing the spread. But then the payout is much higher. For more information on pleasers, please visit the preceding link.

Example Of How A Teasers Work

Say you want to take an NFL teaser on two games. The Green Bay Packers are favored by (-6) over the Detroit Lions, and the New England Patriots are (-3) favorites over the Baltimore Ravens. Those are the established betting lines for the two matchups by oddsmakers and you could take them just as they are (which is a parlay). But if you decide you want to take a teaser – let's use a six-point teaser as an example – the betting line is adjusted in your favor depending on which side of the betting line you want to bet.

So, say you like Green Bay and New England in this example. With a teaser, the betting lines will move so that the Patriots are now 3-point underdogs to Baltimore, and the Packers are now a pick'em against Detroit. Since the lines have moved, the payout is going to be less than leaving it as a parlay, but your odds of winning go up as it becomes much easier.

Other Types Of Teasers - Sweetheart Teasers

Another type of teaser bet that not all gamblers know about is the sweetheart teaser. Sweetheart teasers are a special type of teaser bet that rewards players who understand point spreads better than the average gambler. Available at some sportsbooks, especially those that cater to the US market, so-called sweetheart teasers exist that give the gambler even more points to play around with (anywhere from 10 or 13) but there is a catch. Sweetheart teasers require that you pick at least four to six teams. Pushes on sweetheart teasers make your entire bet a losing proposition.

Bovada Sportsbook - Best Sports Betting Site For Teaser Bets

Teaser bets are always fun and Bovada knows that which is why most players sign up for Bovada accounts. Getting a chance to place a teaser bet on Bovada is one of the huge plusses that players check out. This is where all the guys go and make money on bets that are favored for them. The line moves and looks much better for players with an account with Bovada. The teaser bets are put together by the player and it is customized by them. This is plenty of reason to get an account with Bovada

SportsBetting's Sportsbook - Tons Of Teaser Options With Adjustable Lines

SportsBetting has more than enough betting odds and options for players. The teaser options are here as well and this may be one of the more exciting betting options for players to pick and use. These teaser bets are more made by the players so this is where the player really feel confident in the bet they make on these teams as the lines can be moved. Moving points will happen with teaser bets and this is what intrigues SportsBetting account holders.

BetOnline Sportsbook - Best Sportsbook Bonuses And Promotions For Teaser Bets

A lot of games that are played are on BetOnline sportsbook. The age requirement for players to sign up is 18 and older. All it takes is for a player to be that age and they can have an account and place these teaser bets that are offered. These teaser bets are here for players to choose and it is for any sport and for all fans. There will always be bonuses as well so this means that they will be more money and free plays offerd to players. The teaser bets are at the top of the list for all players. Being able to see the points move in your favor is a massive bonus and that could happen on BetOnline.

MyBookie Sportsbook - Teaser Bets Here On MyBookie

It is ok to know that more money will be in your account if you take a few teaser bets on MyBookie. There are plenty of betting options but here on MyBookie, there is nothing wrong with players taking teasers bets. In fact, taking teaser bets could be as profitable as any other betting option like live betting on mobile betting. The moving of points is one thing that sticks out and usually, this is why players like to place teaser bets. This is just one way that players get win a lot of money on MyBookie.

For sports betting, the big three bet types capture most of the attention. Moneyline, point spreads, and totals attract a ton of betting action, and bets of this nature tend to dominate the conversation as a result.

However, there are plenty of other ways to get in the game. Some of them are really simple and straightforward, while others can seem a bit on the complex side at first glance.

While the natural tendency is to shy away from those that fall in the latter category, they are more than worthy of taking the time to understand how they work.

In fact, you’ll come to find that they aren’t that tough to wrap your head around after a little practice. One of the wagers that fall into this category is a teaser bet.

Through this article, you’ll know what a teaser bet is, how to use it, and whether or not it’s something that fits with your strategy.

What Are Teaser Bets?

A teaser bet shares something in common with parlay wagers. In both cases, you are placing two or more games on a single betting slip. You’ll need to be right on all choices in order to cash in.

For example, on a three-team teaser, all three legs must be correct in order to have a winning ticket. The same holds true when we’re talking about a three-team parlay bet.

The difference between the two comes down to who is in control of the lines. On a point spread parlay bet, you’re placing your money down on the line set by the oddsmakers. For a teaser bet, you can move the lines to a point that you find them more favorable.

Naturally, a shift in the lines can result in a less favorable return. That said, when used properly, teaser bets can open the doors to even more potentially profitable situations.

Most Common Types of Teaser Bets

Teasers are most commonly used in sports in which the point spread is a big betting focus, such as in basketball or football. As we work through some examples, we’ll use these two sports as our main focus.

6 Point Teaser Bet

A teaser bet will include two or more games. Just like in parlay betting, the more games that are added to the ticket, the greater the odds of being correct on all of them.

Some books will cap the number of games that can be used for parlays and teasers, so keep that in mind and consult the exact rules at your preferred operator for clarification.

Teaser bets generally revolve around key numbers. Three specific numbers are the big focus for basketball and football.

• Basketball: 4,4.5, or 5 points.
• Football: 6. 6.5, or 7 points.

Now let’s take a look at how these numbers get applied. Starting with basketball, consider this fictitious line for an NBA game.

• Los Angeles Lakers -10.5 over Golden State Warriors
• Milwaukee Bucks -7.5 over New York Knicks

You decide that you like the favorite in both cases, but the hefty spreads are making you feel a bit skittish. This could be a good spot to use a 4-point teaser. Here’s what the adjusted lines would look like.

• Los Angeles Lakers -6.5 over Golden State Warriors
• Milwaukee Bucks -3.5 over New York Knicks

It works the same way in football. Here’s an example using a made-up spread from an NFL game.

• Patriots -9 over Jets
• Cowboys -8 over Giants

Once again, you like the favorites but don’t want to lay that many points. You decide to use a 7-point teaser to bring the spread more to your liking. Here are the adjusted lines.

• Patriots -2 over Jets
• Cowboys -1 over Giants

Teaser bets can be used to your advantage by dropping the spreads down to a level that you feel is more reasonable. Since you’re dropping the spread, there’s a little less risk involved.

The return on a teaser will be less than you would receive for a correct parlay on unadjusted lines as a result, so keep that in mind.

How to Use Teaser Bets

To use teaser bets effectively, it helps to have a good sense of how the lines move. From the time that lines are released until game time, the market will react, and oddsmakers will adjust accordingly.

For NBA and College Basketball, betting odds will generally be released no later than the morning of a game, but you may be able to get a sneak peek at them the night before in some spots.

College football lines are generally out on Sundays in advance of the following weeks games. For NFL, you’ll see lines for the upcoming week by Monday, but keep in mind that there’s still a primetime game to play before the previous week is considered closed.

As the day moves along for basketball lines, there will be shifts based on how the market reacts. When it comes to football, there’s more time for swings, so you may see the number hold steady before fluctuating later in the week.

In both cases, if oddsmakers release a number that the betting market loves, then it’s not uncommon to see the line move real quick after the open.

One good rule of thumb to follow is to get a glimpse of the lines for your chosen sport as soon as you can after the release. Make a mental note of games that look appealing, and keep an eye on any shifts that happen from that point.

By doing so, you’ll have a good sense of which games you want to key in on when it gets closer to time to place your wagers.

Let’s say that you have reviewed the day’s College Basketball lines early in the morning. You have a handful of games that you like at first glance, and these are the ones you’ll watch as the day moves along.

After handicapping the games, you come up with three that you like. It just so happens that all three are favorites, and the spread has risen throughout the day.

• Dayton -4.5 to -6.5
• Michigan State -5.5 to -7.5
• Villanova -3.5 to -5.5

Teaser Odds Calculator

The market has come down heavy on the favorites, and the spread has risen on all three games as a result. You still like all three favorites to win their games, but climbing spreads make you uneasy. It’s a good time to use a 4-point teaser. Here’s what you’ll be looking at.

• Dayton -2.5
• Michigan State -3.5
• Villanova -1.5

Not only do you have more attractive spreads than what the public is betting on, but you have also dropped them below the open. You’ve managed to drop the risk somewhat, but the trade-off comes in that you’ll get less of a return if all three of your teaser bets come in.

Examples of Teaser Bets

Before diving right in with teaser bets, it’s important to understand exactly how they work. There’s no such thing as easy money when it comes to sports betting. However, practice and fine-tuning your skills can enhance your chances of being right more often than not.

To that end, let’s walk through some more examples of teaser bets. We’ll kick things up several notches and add several teams to the mix, starting with the NBA.

Four games on the hardwood jump out to you as appealing plays. However, those same choices are readily apparent to others as well, so the lines are a bit hefty.

• Toronto Raptors -7.5
• Philadelphia 76ers -6.5
• Denver Nuggets -9.5
• Los Angeles Clippers -8.5

You fully expect the favorites to win all four games, but high spreads in the NBA turn you off. If you add a 5-point teaser into the equation, the lines suddenly don’t seem as intimidating.

• Toronto Raptors -2.5
• Philadelphia 76ers -1.5
• Denver Nuggets -4.5
• Los Angeles Clippers -3.5

All four of the games are now at a level that you find more attractive, so you’re willing to take less of a return while enhancing your chances of success.

Next up, you’re looking ahead to a busy Saturday of College Football action. Of the dozens of games on the docket, five favorites are staring you in the face as potentially fantastic plays.

• Clemson -10.5
• LSU -8.5
• Alabama -9.5
• Notre Dame -12.5
• Ohio State -16.5

You’ve seen the spreads rise on all of these games to the point that all five teams are favored by more than a touchdown. While you’re confident they’ll get the job done, there’s no telling when they’ll call the dogs off and the other teams may close the gap in garbage time as a result.

A 7-point teaser can be a workaround for that. Suddenly, the big favorites only have to cover by a lesser amount of points.

• Clemson -3.5
• LSU -1.5
• Alabama -2.5
• Notre Dame -5.5
• Ohio State -9.5

The teaser has brought the lines down to a level you’re more comfortable with. While the potential return is less due to adjusting the lines, the additional peace of mind may turn out to be worth it.

Payouts on Teaser Bets

Just like getting a handle on using teaser bets, it can be a little tricky understanding what the payout will be. For visualization purposes, it can help to look at potential returns in two ways: fractional and standard odds.

This can not only tell you what kind of return to expect, but it can also help you understand the actual probability of the wager itself.

Returns may vary at different books, but there’s a standard range you can expect for teasers based on points and number of teams used. Let’s look at basketball first and cap the teams at four.

4-point Basketball Teaser Payout

• Two team: 1/1 or -100
• Three team: 9/5 or +180
• Four team: 3/1 +300

4.5-point Basketball Teaser Payout

• Two team: 10/11 or -110
• Three team: 8/5 or +160
• Four team: 5/2 or +250

5-point Basketball Teaser Payout

• Two team: 5/6 or -120
• Three team: 3/2 or +150
• Four team: 2/1 or +200

Next, let’s look at the standard range for football teasers.

How Does A Teaser Bet Work

6-point Football Teaser Payout

• Two team: 10/11 or -110
• Three team: 9/5 or +180
• Four team: 3/1 or +300

6.5-point Football Teaser Payout

• Two team: 10/12 or -120
• Three team: 8/5 or +160
• Four team: 5/2 or +250

7-point Football Teaser Payout

• Two team: 10/13 or -130
• Three team: 7/5 or +140
• Four team: 2/1 or +200

As you can see, the more games you add to a ticket, the more of a potential return you’ll see. For points, it’s the opposite: the more points you use in a teaser, the payout will drop in comparison to teasers with the same number of teams while using less points.

As with parlay bets, the chances of being correct on all legs on a ticket decrease with each game added. That doesn’t mean that it’ll be impossible to hit, but it’s important to understand the risk-reward ratio for any bet you place.

The Bottom Line

A teaser bet is a slightly advanced wagering concept. In a nutshell, you’re moving the spread on a wager to a spot that you find more favorable.

Teasers are most commonly used in football and basketball betting, two sports in which the point spread attracts a ton of action.

It’s similar to a parlay wager in that it requires two or more legs to implement. Certain books will cap the number of legs you can use for a teaser, so refer to the rules at your preferred provider for exact numbers.

Teasers generally revolve around key numbers for both sports: 4, 4.5, and 5 for basketball, and 6, 6.5, and 7 for football.

As you add more teams to the ticket, the risk rises on your end. When it comes to points, the more points that are used, the more of a risk it is for oddsmakers.

2 Team Teaser Rules

As such, returns will vary based on the number of teams and points used. In short, you’ll see less of a return from teasers than parlays using the same number of legs. That’s the trade-off you make for moving the lines in your favor.

How Do Teaser Bets Work

Teaser bets can seem complex at first glance, but a little bit of practice is all that it takes to gain a good understanding of them. They can be a solid tool to have in the arsenal each season, especially for contests and point spreads that have you feeling unsure.